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Sectoral / Thematic · Tata Mutual Fund · AMFI code 149066Tata Business Cycle Fund
Disclosed for 9 months, Jan 2026 to Sep 2026.Published as: TATA BUSINESS CYCLE FUND
Portfolio value
₹2,695 Cr
down ₹4.3 Cr vs Jan 2026
- Stocks held
- 53
- down 1 vs Jan 2026
- Top 10 weight
- 37.7%
- of the portfolio in its ten largest
- Cash & debt
- 2.8%
- cash, money market and debt
- Moves this month
- 4 in · 5 out
- added to 10, trimmed 23
Tata Business Cycle Fund is an active equity fund in the Sectoral / Thematic category from Tata Mutual Fund. In February 2026 it disclosed 53 stocks worth ₹2,695 Cr, down ₹4.3 Cr from Jan 2026. Its largest positions were Reliance Industries Limited (6.2%), HDFC Bank Limited (4.8%), Jindal Steel & Power Limited (4.6%); the ten largest together made up 37.7% of the portfolio, and Banks was the biggest sector at 14.6% of its equity. Cash and debt stood at 2.8%. Compared with Jan 2026 the fund entered 4 new stocks and exited 5.
Against 226 other Sectoral / Thematic funds
Concentration
25%
Top-10 weight is higher than 25% of peers
Breadth
73%
Holds more stocks than 73% of peers
Cash
41%
Holds more cash than 41% of peers
Holdings in February 2026
Download CSVEvery line the fund disclosed, with the change against Jan 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 6.19%
- Δ weight
- down 0.26 pts
- Value
- ₹167 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 4.78%
- Δ weight
- down 0.22 pts
- Value
- ₹129 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 4.59%
- Δ weight
- up 0.21 pts
- Value
- ₹124 Cr
- Δ value
- up ₹5.5 Cr
- Status
- Added
- Weight
- 4.00%
- Δ weight
- up 0.05 pts
- Value
- ₹108 Cr
- Δ value
- up ₹1.1 Cr
- Status
- Added
- Weight
- 3.69%
- Δ weight
- up 0.07 pts
- Value
- ₹99.3 Cr
- Δ value
- up ₹1.6 Cr
- Status
- Added
- Weight
- 3.21%
- Δ weight
- up 0.08 pts
- Value
- ₹86.6 Cr
- Δ value
- up ₹2.1 Cr
- Status
- Added
- Weight
- 2.92%
- Δ weight
- down 0.26 pts
- Value
- ₹78.7 Cr
- Δ value
- down ₹7.3 Cr
- Status
- Trimmed
- Weight
- 2.90%
- Δ weight
- down 0.05 pts
- Value
- ₹78.1 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 2.81%
- Δ weight
- up 0.80 pts
- Value
- ₹75.8 Cr
- Δ value
- up ₹21.6 Cr
- Status
- Added
- Weight
- 2.81%
- Δ weight
- up 0.19 pts
- Value
- ₹75.6 Cr
- Δ value
- up ₹4.9 Cr
- Status
- Added
- Weight
- 2.64%
- Δ weight
- up 0.07 pts
- Value
- ₹71.1 Cr
- Δ value
- up ₹1.7 Cr
- Status
- Added
- Weight
- 2.42%
- Δ weight
- up 0.39 pts
- Value
- ₹65.2 Cr
- Δ value
- up ₹10.5 Cr
- Status
- Added
- Weight
- 2.32%
- Δ weight
- up 0.26 pts
- Value
- ₹62.5 Cr
- Δ value
- up ₹6.9 Cr
- Status
- Added
- Shriram Transport Finance Company LimitedShriram Finance Limited · history in this fund
- Weight
- 2.31%
- Δ weight
- up 0.13 pts
- Value
- ₹62.4 Cr
- Δ value
- up ₹3.4 Cr
- Status
- Added
- Weight
- 2.14%
- Δ weight
- up 0.02 pts
- Value
- ₹57.6 Cr
- Δ value
- up ₹45 L
- Status
- Added
- Weight
- 2.12%
- Δ weight
- down 0.07 pts
- Value
- ₹57.2 Cr
- Δ value
- down ₹2 Cr
- Status
- Trimmed
- Weight
- 2.12%
- Δ weight
- up 0.54 pts
- Value
- ₹57.1 Cr
- Δ value
- up ₹14.5 Cr
- Status
- Added
- Weight
- 2.10%
- Δ weight
- up 0.04 pts
- Value
- ₹56.6 Cr
- Δ value
- up ₹98 L
- Status
- Added
- Weight
- 2.05%
- Δ weight
- down 0.24 pts
- Value
- ₹55.4 Cr
- Δ value
- down ₹6.5 Cr
- Status
- Trimmed
- Weight
- 2.00%
- Δ weight
- up 0.18 pts
- Value
- ₹53.8 Cr
- Δ value
- up ₹4.8 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- up 0.23 pts
- Value
- ₹52.1 Cr
- Δ value
- up ₹6 Cr
- Status
- Added
- Weight
- 1.93%
- Δ weight
- up 0.49 pts
- Value
- ₹52.1 Cr
- Δ value
- up ₹13.2 Cr
- Status
- Added
- Weight
- 1.90%
- Δ weight
- down 0.09 pts
- Value
- ₹51.1 Cr
- Δ value
- down ₹2.6 Cr
- Status
- Trimmed
- Weight
- 1.87%
- Δ weight
- up 0.14 pts
- Value
- ₹50.5 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 1.70%
- Δ weight
- down 0.03 pts
- Value
- ₹45.9 Cr
- Δ value
- down ₹1 Cr
- Status
- Trimmed
- Weight
- 1.64%
- Δ weight
- up 0.19 pts
- Value
- ₹44.3 Cr
- Δ value
- up ₹5.1 Cr
- Status
- Added
- Weight
- 1.61%
- Δ weight
- up 0.08 pts
- Value
- ₹43.4 Cr
- Δ value
- up ₹2 Cr
- Status
- Added
- Weight
- 1.55%
- Δ weight
- up 0.03 pts
- Value
- ₹41.9 Cr
- Δ value
- up ₹86 L
- Status
- Added
- Weight
- 1.45%
- Δ weight
- up 0.42 pts
- Value
- ₹39.2 Cr
- Δ value
- up ₹11.3 Cr
- Status
- Added
- Weight
- 1.40%
- Δ weight
- down 0.19 pts
- Value
- ₹37.8 Cr
- Δ value
- down ₹5.3 Cr
- Status
- Trimmed
- Weight
- 1.40%
- Δ weight
- up 0.10 pts
- Value
- ₹37.7 Cr
- Δ value
- up ₹2.5 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- up 0.11 pts
- Value
- ₹37.2 Cr
- Δ value
- up ₹3 Cr
- Status
- Added
- Weight
- 1.36%
- Δ weight
- down 0.08 pts
- Value
- ₹36.5 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 1.35%
- Δ weight
- down 0.03 pts
- Value
- ₹36.5 Cr
- Δ value
- down ₹80 L
- Status
- Trimmed
- Weight
- 1.20%
- Δ weight
- up 0.03 pts
- Value
- ₹32.4 Cr
- Δ value
- up ₹74 L
- Status
- Added
- Weight
- 1.14%
- Δ weight
- down 0.08 pts
- Value
- ₹30.8 Cr
- Δ value
- down ₹2.3 Cr
- Status
- Trimmed
- Weight
- 1.12%
- Δ weight
- down 0.01 pts
- Value
- ₹30.1 Cr
- Δ value
- down ₹21 L
- Status
- Trimmed
- Weight
- 1.10%
- Δ weight
- down 0.03 pts
- Value
- ₹29.7 Cr
- Δ value
- down ₹83 L
- Status
- Trimmed
- Weight
- 1.09%
- Δ weight
- up 0.05 pts
- Value
- ₹29.4 Cr
- Δ value
- up ₹1.3 Cr
- Status
- Added
- Weight
- 1.08%
- Δ weight
- down 0.01 pts
- Value
- ₹29.2 Cr
- Δ value
- down ₹44 L
- Status
- Trimmed
- Weight
- 1.04%
- Δ weight
- down 0.02 pts
- Value
- ₹28 Cr
- Δ value
- down ₹70 L
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.02 pts
- Value
- ₹27 Cr
- Δ value
- up ₹49 L
- Status
- Added
- Weight
- 0.99%
- Δ weight
- down 0.26 pts
- Value
- ₹26.7 Cr
- Δ value
- down ₹7.2 Cr
- Status
- Trimmed
- Weight
- 0.98%
- Δ weight
- down 0.01 pts
- Value
- ₹26.4 Cr
- Δ value
- down ₹38 L
- Status
- Trimmed
- Weight
- 0.96%
- Δ weight
- up 0.96 pts
- Value
- ₹25.8 Cr
- Δ value
- up ₹25.8 Cr
- Status
- New
- Weight
- 0.94%
- Δ weight
- up 0.01 pts
- Value
- ₹25.3 Cr
- Δ value
- up ₹14 L
- Status
- Added
- Weight
- 0.89%
- Δ weight
- up 0.30 pts
- Value
- ₹24 Cr
- Δ value
- up ₹8 Cr
- Status
- Added
- Weight
- 0.81%
- Δ weight
- up 0.81 pts
- Value
- ₹21.8 Cr
- Δ value
- up ₹21.8 Cr
- Status
- New
- Weight
- 0.78%
- Δ weight
- up 0.78 pts
- Value
- ₹21 Cr
- Δ value
- up ₹21 Cr
- Status
- New
- Weight
- 0.67%
- Δ weight
- down 0.06 pts
- Value
- ₹18.2 Cr
- Δ value
- down ₹1.7 Cr
- Status
- Trimmed
- Weight
- 0.60%
- Δ weight
- down 0.01 pts
- Value
- ₹16.1 Cr
- Δ value
- down ₹41 L
- Status
- Trimmed
- Weight
- 0.55%
- Δ weight
- down 0.61 pts
- Value
- ₹14.9 Cr
- Δ value
- down ₹16.4 Cr
- Status
- Trimmed
- Weight
- 0.42%
- Δ weight
- down 0.10 pts
- Value
- ₹11.4 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.01%
- Δ weight
- up 0.01 pts
- Value
- ₹33 L
- Δ value
- up ₹33 L
- Status
- New
- TATA NIFTY INDIA DIGITAL EXCHANGE TRADED FUNDFund units
- Weight
- <0.01%
- Δ weight
- down <0.01 pts
- Value
- ₹1 L
- Δ value
- down ₹0 L
- Status
- Trimmed
What changed, Jan 2026 to Feb 2026
New New positions (4)
- One 97 Communications Limited1.0% · ₹25.8 Cr
- Bayer Cropscience Limited0.8% · ₹21.8 Cr
- Adani Power Limited0.8% · ₹21 Cr
- Kwality Walls (India) Limited<0.1% · ₹33 L
Exited Exited (5)
- Alkem Laboratories Limitedwas 1.6% · ₹43.9 Cr
- Tech Mahindra Limitedwas 1.3% · ₹34 Cr
- Infosys Limitedwas 1.1% · ₹30.4 Cr
- Coforge Limitedwas 1.0% · ₹26 Cr
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Jan 2026, the weight rose most in Power (+1.1 pts) and Fertilizers & Agrochemicals (+0.8 pts), and fell most in IT - Software (−3.4 pts) and Pharmaceuticals & Biotechnology (−1.4 pts).
- Power2.8% → 3.9%+1.1 pts
- Fertilizers & Agrochemicals1.1% → 1.9%+0.8 pts
- Financial Technology (fintech)2.3% → 3.1%+0.8 pts
- Industrial Products2.7% → 3.4%+0.7 pts
- Ferrous Metals5.5% → 6.2%+0.7 pts
- Diversified Metals1.5% → 2.0%+0.5 pts
- IT - Software3.4% → 0.0%exited−3.4 pts
- Pharmaceuticals & Biotechnology4.3% → 2.9%−1.4 pts
- Finance9.6% → 8.9%−0.7 pts
- Diversified FMCG2.5% → 2.1%−0.3 pts
- Petroleum Products6.6% → 6.4%−0.2 pts
- Cement & Cement Products8.9% → 8.8%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Jan 2026 | Feb 2026 |
|---|---|---|
| Banks | 14.1% | 14.6% |
| Finance | 9.6% | 8.9% |
| Cement & Cement Products | 8.9% | 8.8% |
| Healthcare Services | 6.9% | 7.3% |
| Petroleum Products | 6.6% | 6.4% |
| Ferrous Metals | 5.5% | 6.2% |
| Insurance | 5.4% | 5.4% |
| Construction | 4.8% | 4.8% |
| Power | 2.8% | 3.9% |
| Industrial Products | 2.7% | 3.4% |
Allocation in Feb 2026change vs Jan 2026
- Banks (5)14.6%▲ 0.5 pts
- Finance (6)8.9%▼ 0.7 pts
- Cement & Cement Products (4)8.8%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Feb 2026
2.8%
▲ 0.8 pts vs Jan 2026
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 2.0% – 2.8%
- lowest to highest · record 2.8% in Feb 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.